Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Maryland lawmakers introduce two CU-backed bills
ANNAPOLIS (1/29/08)--The Maryland and District of Columbia Credit Union Association (MDDCCUA) has introduced two pieces of legislation in the Maryland Senate and House of Delegates involving credit union-backed municipal deposits and financial education. The first bill is SB-79, “Deposits of State and Local Government Money,” introduced by State Sen. Delores Kelly Jan. 14. State Del. Michael Vaughan is introducing the bill in the State House. The legislation would allow credit unions to accept and hold unexpected or surplus funds from local governments and allow credit unions to act as depositories for state funds (FOCUS Newsletter Jan. 28). The Maryland Bankers Association is opposing the legislation. A committee hearing for the bill is slated for Jan. 30. The second bill proposes a task force to study mandatory financial literacy education in Maryland schools. It is in the drafting process and will be introduced by State. Sen. C. Anthony Muse and State Del. Dan Stein. The proposed task force would include representatives from various community groups, educational agencies and groups, and financial institutions. MDDCCUA CEO Mike Beall and Chief Administrative Officer Jennifer Porter Gore will meet this week with legislators to discuss the bills and other credit union initiatives.


RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
15 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
18 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
19 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
19 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
20 hours ago